Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: Daybreak for Wednesday, March nine. Coming up this hour, Russian
Speaker 1: forces intensify their attack on Ukraine's capital city, Kiev. Energy
Speaker 1: markets remain volatile, as President Biden bands imports from Moscow.
Speaker 1: Starbucks and Coca Cola are the latest just to spend
Speaker 1: business in Russia, and a big name investor warns it
Speaker 1: a ten print on us. Inflasia, Jersey Governor Murphy unveiled
Speaker 1: his state budget, Plus Florida's so called Don't Say Gay
Speaker 1: Bill is on its way to the Governor's desk. I'm
Speaker 1: Michael Barer. More ahead, I'm John Stashtown Sports than nets
Speaker 1: warn the Rangers lost victory in the NFL, and some
Speaker 1: optimism for the end of the baseball lockout. That's all
Speaker 1: straight Ahead on Bloomberg day Break on Bloomberg Element Trio,
Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one, O
Speaker 1: six one, Boston, Bloomberg nine sixties, San Francisco, Syrius x
Speaker 1: M one nine Team and around the world Old on
Speaker 1: Bloomberg Radio dot Com and via The Bloomberg Business. Good Morning,
Speaker 1: I'm Nathan Hager. And I'm Karen. Moscow and US futures
Speaker 1: are rebounding this morning. We're coming up to six o
Speaker 1: one on Wall Street, and we checked the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg. Right now,
Speaker 1: SNP futures are up sixty one points down, futures A
Speaker 1: four hundred twenty three and NASDAG futures up two hundred forty.
Speaker 1: The decks in Germany is a four point nine percent.
Speaker 1: The ten year treasury down fifteen thirty seconds, yield one
Speaker 1: point eight nine percent. They yield on the two year
Speaker 1: one point six five percent. Nim Max screwed oil down
Speaker 1: one point seven percent, down two dollars thirteen cents and
Speaker 1: a hundred twenty one dollar fifty cents of barrel and
Speaker 1: Comex s goold is down one point two percent, or
Speaker 1: twenty three dollars sixty cents at two thousand, nineteen dollars,
Speaker 1: announced Nathan, Okay, Karen, thanks well. Have more of the
Speaker 1: markets in a minute. First, the latest on the war
Speaker 1: in Ukraine. Russian forces have intensified their strikes on KEYV.
Speaker 1: We get the very latest from Bloomberg. Said back Stair.
Speaker 1: The bulk of Russian forces are about thirty miles away
Speaker 1: from the city. Now. This coincides with what U S
Speaker 1: Intelligence Director Avril Haynes is telling the House Intelligence Committee
Speaker 1: that Vladimir Putin thought the war would end in two
Speaker 1: days and that he will now be more brutal. Our
Speaker 1: analysts sussessed that Putin is unlikely to be deterred by
Speaker 1: such setbacks and instead may escalate, essentially doubling down to
Speaker 1: achieve Ukrainian disarmament neutrality. Haynes says if the resistance continues,
Speaker 1: it may have to change with some kind of face
Speaker 1: saving action, but that that resistance will have to remain
Speaker 1: very strong. In San Francisco, I'm at Baxter Bloomberg daybreak,
Speaker 1: all right, and thank you. In Ukraine, President voladimir's Lenski
Speaker 1: is calling for more support from allies. He addressed the
Speaker 1: UK House of Comments yesterday. Police increase the pressure of
Speaker 1: sanctions against this country, and police recognize this contract as
Speaker 1: a catterist state, and police make sure that our Ukrainian
Speaker 1: sky a safe address. Was the first ever speech to
Speaker 1: the UK chain here by a foreign leader by here.
Speaker 1: In the US, care and lawmakers on Capitol Hill have
Speaker 1: crafted legislation to banned US imports of Russian oil. The
Speaker 1: move came just hours after President Biden called for a
Speaker 1: van Amy Morris has details from our Bloomberg newsroom in Washington.
Speaker 1: The House legislation is a response by lawmakers to public
Speaker 1: anger over Russia's invasion of Ukraine. It's also forced President
Speaker 1: Biden's hand despite the administration's concerns about the effect on
Speaker 1: energy prices. Biden had a warning for companies trying to
Speaker 1: profit off the crisis. No excuse to exercise excessive price
Speaker 1: increases or patting profits, or any kind of effort to
Speaker 1: exploit this situation. The House bill bars the importation of
Speaker 1: Russian crude oil, liquefied natural gas, coal, and refined products
Speaker 1: like gasoline and kerosene. It also reviews Russia's access to
Speaker 1: the World Trade Organization. It is scheduled for a floor
Speaker 1: vote later today and will take effect forty five days
Speaker 1: after it's enacted in Washington. I'm Amy Morris, Bloomberg Daybreak.
Speaker 1: All right, Amy, thank you. What we're seeing oil prices
Speaker 1: fall this morning? Nine n screwed oil is down one
Speaker 1: point seven percent, and a hundred sixty four cents of
Speaker 1: barrel brent is down one point three a hundred twenties
Speaker 1: six dollars thirty one cents. Minnesota Democratic Senator Tina Smith says,
Speaker 1: it's important that you the US does not rely on
Speaker 1: for in oil. The power of being energy independent and
Speaker 1: doing that through moving aggressively into clean power and renewable
Speaker 1: power is that you know, the putting has no say
Speaker 1: on whether how much we pay for wind or solar.
Speaker 1: In fact, that power is free. It gives us so
Speaker 1: much more resilience, I think, and Minnesota Senator Tina Smith
Speaker 1: spoke with Our Washington corresponded Joe Matthew on Bloomberg Sound
Speaker 1: on Catch the program weekdays at five pm Eastern on
Speaker 1: Bloomberg Radio Well Caring. The list of companies suspending operations
Speaker 1: are pulling out of Russia keeps growing. Let's get the
Speaker 1: latest on that live from Bloomberg's Unit a Young. Good morning, Na,
Speaker 1: Good morning Nathan. Iconic brands like Starbucks, Coca Cola, and
Speaker 1: McDonald's are the latest to pull out of Russia. The
Speaker 1: Coffee Giants partner in the country is pausing operations and
Speaker 1: will give support to the nearly two thousand partners who
Speaker 1: depend on the company for their livelihood. PayPal is also
Speaker 1: suspending business in Russia, and PepsiCo says it will suspend
Speaker 1: soft drink sales in the country, but will continue to
Speaker 1: sell daily essentials like baby formula and milk. Live in
Speaker 1: New York. I'm Nita Young Bloomberg daybreak, All right, Na,
Speaker 1: thank you. The Russian ruble a is weakening sharply this morning,
Speaker 1: at the same time European equities are staging a comeback,
Speaker 1: and we go to London and get the very latest
Speaker 1: from Bloomberg to un parts. Good morning you on good morning,
Speaker 1: Nathan and Karen. Plenty of green on traders Bloomberg screens today.
Speaker 1: That's as dip buyers wage. The global ecomic impact of
Speaker 1: escating sanctions is already reflected in equity prices, US gaining
Speaker 1: this morning, with banks, tech, and travel on leisure among
Speaker 1: the best performing sectors. Something not gaining today Russia's ruble.
Speaker 1: It's some as much as seven point eight percent against
Speaker 1: the dollar as the onshore market resumed in Moscow, giving
Speaker 1: local traders they're first challenge this week to react to
Speaker 1: recent negative developments in London. Immune pult spin back. Day break,
Speaker 1: all right you and thanks. Turning back to the US economy,
Speaker 1: it is all about inflation. This week we get the
Speaker 1: latest reading on consumer prices tomorrow. Billionaire bond manager Jeffrey
Speaker 1: Gunlock warns that inflation could approach ten percent this year.
Speaker 1: He says the Fed needs to aggressively tighten monetary policy.
Speaker 1: The CEO of Double Line Capital also says bonds are
Speaker 1: currently overvalued, while emerging market debt is cheap. And in Asia,
Speaker 1: Overnight Nathan, inflation was also in focus. China's factory prices
Speaker 1: eased again in February, o that the the outlook is deterior rating.
Speaker 1: Bloomberry Daybreak Asia anchor Bryan Curtis has the details. The
Speaker 1: pp I rose eight point eight percent from a year earlier.
Speaker 1: That's down from nine point one percent in January. It
Speaker 1: did beat the estimate of eight point six percent, but
Speaker 1: the spike in commodity since Russia invaded Ukraine may flip
Speaker 1: these numbers. In March, meantime, consumer inflation was muted. The
Speaker 1: CPI was unchanged at zero point nine percent, the same
Speaker 1: as economists had projected. Curtis Bloomberg day Break, All right, Brian,
Speaker 1: thanks on a programming note for today. Join us this
Speaker 1: morning for a conversation with Bill Gross, the former Bond
Speaker 1: Titan sits down for an interview on Bloomberg surveillance. Coming
Speaker 1: up at eight thirty am. Wall Street Time Straight Ahead,
Speaker 1: We'll bring you your latest local headlines and get a
Speaker 1: check of sports. This is Bloomberg. It sounds six oh
Speaker 1: seven on Wall Street, forty degrees in Central Park. Still
Speaker 1: problems on New Jersey transit details coming up in Traffic
Speaker 1: First Michael Barr with more on what's going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning Nathan. New Jersey Democratic Governor Phil Murphy has proposed
Speaker 1: a forty eight point nine billion dollar budget, a boost
Speaker 1: K through twelve funding, makes a full public pension payment
Speaker 1: for the second straight year, and redistributes nearly a billion
Speaker 1: dollars in property tax relief. Murphy unveiled the proposal during
Speaker 1: a speech and the Assembly Chamber, and I'm proud across
Speaker 1: our first four years working together, we cut taxes from
Speaker 1: class and working families and seniors fourteen times. New Jersey
Speaker 1: had better than expected sales and income tax collections. Governor
Speaker 1: Murphy also talked about the Russian invasion in Ukraine. Our
Speaker 1: administration is assessing what financial or business exposure we may
Speaker 1: have to the Russian government or Russian owned business interests
Speaker 1: or securities, including in our pension funds. Governor Murphy says
Speaker 1: the administration will make sure state taxpayer dollars are not
Speaker 1: supporting Russia. Florida's controversial legislation, which affects discussions about sexual
Speaker 1: orientation and gender in public classrooms, is on its way
Speaker 1: to the Florida Governor's desk. LGBTQ advocates dubbed it the
Speaker 1: Don't Say Gay Bill. The Biden administration has denounced the
Speaker 1: bill as anti lgbt Q. However, supporters say the bill
Speaker 1: would not keep people from talking about the issues in classrooms,
Speaker 1: but change curriculum and lessons on it. A Texas man
Speaker 1: was convicted of storming the US Capitol with a holstered handgun.
Speaker 1: The jury also convicted Guy Refit of interfering with police
Speaker 1: officers who were guarding the capital. On January six, Democrats
Speaker 1: and Republicans in Congress struck a deal on a long
Speaker 1: delayed one point five trillion dollars spending bill that would
Speaker 1: fund the US government through the rest of the fiscal year.
Speaker 1: It also provides the thirteen point six billion dollars to
Speaker 1: respond to Russia's invasion of Ukraine. A bipartisan bill to
Speaker 1: reform the US Postal Service and give it a much
Speaker 1: needed financial boost easily passed the Senate. The House passed
Speaker 1: it earlier. In The bill now heads to President Biden's desk.
Speaker 1: Senate Majority Leader Chuck Schumer of New York. We passed
Speaker 1: strong bipartisan legislation. It's a win win, win for bipartisanship,
Speaker 1: for our postal workers, and a win for tens of
Speaker 1: millions of Americans who rely on the post Office every day,
Speaker 1: Senator Schumer. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven hundred journalists analysts more than a hundred twenty countries.
Speaker 1: Michael Barr, this is Bloomberg, Nathan. Thank you, Michael, almost
Speaker 1: sixth ten of all Street time for the Bloomberg Sports
Speaker 1: Update with John Stener Nathan. It comes under the heading
Speaker 1: of We've seen this before, but there is some growing
Speaker 1: optimism that the baseball lockout might be coming to an
Speaker 1: NL though once before there was a long meeting and
Speaker 1: did not lead to a labor deal with two sides.
Speaker 1: Just had a seventeen hour bargaining session. It lasted until
Speaker 1: just a few hours ago, and they're coming back for
Speaker 1: more today. They not only did not cancel another week's
Speaker 1: worth of regular season games, as they threatened to do,
Speaker 1: but one bargaining chip now used by the owners is
Speaker 1: squeezing in a one hundred and sixty two game season
Speaker 1: playing the games that got canceled a week ago. What
Speaker 1: is they in the NFL offseason? First, Aaron Rodgers resigning
Speaker 1: in Green Bay, ending a year long talk of him
Speaker 1: leaving a retirety at about two hundred million reasons to
Speaker 1: stay with the Packers. That's the size of his new
Speaker 1: four year deal with Green Bay. Denver wanted Rogers. When
Speaker 1: that fell through, the Broncos treated for us So Wilson.
Speaker 1: The Seahawks get three players, two first round draft picks
Speaker 1: and two second rounders in return. The Broncos have leading
Speaker 1: a better quarterback, but since Peyton Manning retired, the NEETs
Speaker 1: in Charlotte, Tyrie Irving plays road games, and what a
Speaker 1: game he played. In thirty eight minutes, Irving scored fifty points.
Speaker 1: He shot fifteen of nineteen, made nine of twelve three poonders,
Speaker 1: his fifth career fifty point game. The Nets Peto Hornets
Speaker 1: one two one twenty one. They played tomorrow in Philadelphia
Speaker 1: against their old friend James Hard of the Knicks Plate
Speaker 1: Tonight in Dallas, Rangers lost in Minnesota five to two.
Speaker 1: The Devils beat the NHL leading Colorado Avalanche five three. St.
Speaker 1: John's plays De Paul Tonight, bigg East Tournament at the Guard,
Speaker 1: James stash Heller, Bloomberg Sports All right, John, thank you.
Speaker 1: SMP futures now up seventy points, sound futures up four
Speaker 1: hundred ninety five. Nets at Future is on the rise
Speaker 1: by two hundred sixty seven points to ten. Your treasury
Speaker 1: is down fifteen thirty seconds, the yield one point nine percent.
Speaker 1: Nime X crew down two point four at a hundred
Speaker 1: twenty dollars seventy three cents of barrel. You're listening to
Speaker 1: Bloomberg Daybreak Bloomberg eleven three oh weather, some rains and
Speaker 1: let snow, especially north and west of the city. Will
Speaker 1: get up to the upper thirties today, upper forties, partly
Speaker 1: sunny tomorrow, mix of sun and clouds. Friday wind behind
Speaker 1: your fifty right now forty in Central Park Markets. Headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot com, the Bloomberg Business at and at Bloomberg Quick Tape,
Speaker 1: He's a Bloomberg Business clash and I'm Karen Moscow and
Speaker 1: Futures are on the rise this morning, as dip Fire's
Speaker 1: waiter that the global economic impact of escalating sanctions on
Speaker 1: Russia is already reflected in market prices. We checked the
Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg
Speaker 1: s and P Future is up sixty seven points down
Speaker 1: Future is up four hundred sixty four and Nasdag Future
Speaker 1: is up two hundred sixty eight. That's up to per
Speaker 1: cent decks. In Germany's at four point nine percent. The
Speaker 1: ten year treasury down fourteen thirty seconds. He had one
Speaker 1: point eight nine percent yield on the two year one
Speaker 1: point six five percent nine ex Screwed oil is down
Speaker 1: two point two percent, down two dollars seventy eight cents
Speaker 1: and a hundred twenty cents a barrel. Comics goal down
Speaker 1: one point two percent on twenty three dollars seventy cents,
Speaker 1: a two thousand, nineteen dollars announced. The euro one point
Speaker 1: nine six seven against the dollar. British found one point
Speaker 1: three one six seven and the yen at one fifteen
Speaker 1: point eight six Bitcoin this morning is up almost ten
Speaker 1: percent at forty two thousand, two hundred fifty dollars. That's
Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael Karen, thank
Speaker 1: you very much. Yukraine's deputy prime minister says Russia agreed
Speaker 1: to open humanitarian corridors in parts of the country for
Speaker 1: twelve hours to allow civilians to escape from several cities.
Speaker 1: It comes as the US warned that Russian forces were
Speaker 1: intensifying their bombardment of Kiev. Locked out players in Major
Speaker 1: League Baseball bargain into the early morning hours after commission
Speaker 1: to rob Manford's deadline to reach a deal preserving a
Speaker 1: one hundred sixty two games season past with no announcement.
Speaker 1: The Signs were negotiating on a number of key economic issues,
Speaker 1: including the luxury tax and minimum salaries in the NBA,
Speaker 1: the Nets and Warriors one in the NHL, the Devil's
Speaker 1: and Capitals one. The Rangers lost Global news twenty four
Speaker 1: hours a day on here and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: and more than a hundred twenty countries. I'm MICHAELA. Bar
Speaker 1: This is Bloomberg. This is the Big Take, the best
Speaker 1: to Bloomberg's in depth original reporting from around the globe.
Speaker 1: We're running on a financial system that's running on old
Speaker 1: technology proces, which fresh recordized what unfolds in mid terms
Speaker 1: we will no doubt see again in the next presidential election.
Speaker 1: The Big Take on Bloomberg Radio coming up to six
Speaker 1: twenty on Wall Street Life from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak, and our big take this morning
Speaker 1: is on the war in Ukraine and how it's forced
Speaker 1: Europe to take suddenly drastic steps to read consider its
Speaker 1: energy needs now that Russian oil and gas are becoming
Speaker 1: much less of an option. Now. Bloomberg Climate and renewable
Speaker 1: energy reporter Will Mathis joins us now for more on
Speaker 1: this story. Will, good morning. Good to have you with us.
Speaker 1: I know Europe had been on a timeline to shift
Speaker 1: to more renewables, but now it looks like, all of
Speaker 1: a sudden they've got to really ramp things up here. Yeah,
Speaker 1: that's right. It's gone from a timeline of decades to
Speaker 1: days and months. And it's not just renewables, but also
Speaker 1: you know, how do you shift the sources of fossil
Speaker 1: fuels away from Russia by all means necessary? And so
Speaker 1: we looked at all the options we could, um, talk
Speaker 1: to experts in fossil fuels, coal, gas, but also you know,
Speaker 1: new technology, solar and wind and and and try to
Speaker 1: figure out, you know, how can they ramp this up
Speaker 1: as fast as possible if they are now approaching this
Speaker 1: with you know, a wartime urgency. So let's talk about
Speaker 1: at least the short term options for Europe. I mean,
Speaker 1: just about anything they think of is going to take
Speaker 1: a little bit of time, isn't it. Um. Yeah, I
Speaker 1: mean the quickest things you can change are changing the
Speaker 1: kinds of fossil fuel as you're you're using. That would
Speaker 1: be you know, switching from from gas to coal, which
Speaker 1: is a much more polluting fuel. Um. And you know,
Speaker 1: even Europe's climates are fronts Timmerman's, who you know a
Speaker 1: year ago would have never advocated for using more coal
Speaker 1: even in the short term, is now saying, you know,
Speaker 1: nothing is taboo, everything is possible. So probably Europe is
Speaker 1: going to burn a lot more cold this year with
Speaker 1: gas prices at the at the incredibly high prices they are,
Speaker 1: and also trying to use as little imports from from
Speaker 1: Russia as they can. But even if they go to
Speaker 1: more coal consumption, I mean, that's got to run up
Speaker 1: against as you mentioned, the the greenhouse gas emission limits
Speaker 1: that Europe has. Doesn't that take some kind of agreement
Speaker 1: among all the EU member blocks to run up against
Speaker 1: those limits? Um, it doesn't. It's going to be costly
Speaker 1: because Europe has a you know, a cap and trade
Speaker 1: system that puts a price on carbon emissions. But even
Speaker 1: if they're burning more coal in the short term, they're
Speaker 1: not talking about building more coal plants. So it's just
Speaker 1: you know, using what they have already and uh, you know,
Speaker 1: running them full throttle and at the same time investing
Speaker 1: much faster in the alternatives. So you know, we we
Speaker 1: looked at a calculation that you know, if they took
Speaker 1: out some of the planning bottlenecks and and use some
Speaker 1: policies to accelerate solar development, which is the quickest way
Speaker 1: to add renewable power capacity, that they could build um
Speaker 1: as much this year as we probably wouldn't have expected
Speaker 1: until so bring out the development timeline by by six years.
Speaker 1: So just just jumping ahead, um um, you know, as
Speaker 1: quickly as they can. I mean, if they even go
Speaker 1: to solar and wind, I mean, does that make up
Speaker 1: for the lost capacity that they get from Russian oil
Speaker 1: and gas? No? I mean if if um Russian you know,
Speaker 1: so far, you know Europe has been buying lots of
Speaker 1: Russian gas, even even more gas has been flowing since
Speaker 1: Russia invaded Ukraine than before. So so for now that
Speaker 1: this UM cut off is just theoretical. But um, you know,
Speaker 1: if if it was the stuff following, they couldn't make
Speaker 1: up for it um overnight or even in a year
Speaker 1: with renewables. But they can make investments now that will
Speaker 1: be there for for decades to come and and cut
Speaker 1: that dependence for the long term. Just about thirty seconds
Speaker 1: left here. Well, what about nuclear? I know France has
Speaker 1: a pretty robust nuclear industry and have been putting pressure
Speaker 1: on a lot more European nations to to think about
Speaker 1: that as well. Is that something that's on the table. Uh,
Speaker 1: it is, But you know the biggest you know, nuclear
Speaker 1: takes longtime. New plans often take you know, a decade
Speaker 1: to to build, so even if they wanted to do that,
Speaker 1: it wouldn't be here anytime soon. The most immediate thing
Speaker 1: they could do was would be keep the nuclear plans
Speaker 1: online that they are planning to shut off, and the
Speaker 1: main place for that is Germany, and the German government
Speaker 1: so far does not seem interested in making that choice,
Speaker 1: and so they're actually gonna most likely use even less
Speaker 1: nuclear power after this year. Some big decisions ahead that
Speaker 1: have to be decided on very quickly. Here Will mathis
Speaker 1: Bloomberg News. Thanks for this. Much more on the Big
Speaker 1: Take story this morning. You can find it at Bloomberg
Speaker 1: dot com, Slash Big Take or n I Big Take
Speaker 1: go on the Bloomberg terminal. SFP futures right now have
Speaker 1: seventy five points south. Futures up five and thirty eight.
Speaker 1: Nastac features up, nim X crew down two hundred, twenty
Speaker 1: dollars twenty six cents of barrel. This is Bloomberg Bloomberg
Speaker 1: eleven three oh Weather clouds, little rain, maybe a little
Speaker 1: wet snow, upper thirties, partly sunny, upper forties tomorrow, mix
Speaker 1: of sunning, clouds, windy Friday, with a high near fifty.
Speaker 1: Right now forty in Central Park, broadcasting live from the
Speaker 1: Bloomberg Interactive Broker Studio in New York. Bloomberg E Living
Speaker 1: Freedom to Washington, d C, Bloomberg one to Boston, Bloomberg
Speaker 1: one O six one to San Francisco, Bloomberg not sixt
Speaker 1: to the Country, Sirius XM too one nine T and
Speaker 1: around the globe the Bloomberg Business app and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak, and it's six thirty
Speaker 1: on Wall Street. Good morning, I'm Nathan Hager and I'm
Speaker 1: Karen Moscow or just about three hours away from the
Speaker 1: open of US trading. Time for the five things you
Speaker 1: need to notice. Start your day onto you by I
Speaker 1: b k R Investment Advisers switched to Interactive Brokers for
Speaker 1: lowest cost global trading and turnkey custody solutions, no ticket
Speaker 1: charges and no conflicts of your interests at I b
Speaker 1: k R dot com slash R I A. And we
Speaker 1: begin with the war in Ukraine. The US says Russian
Speaker 1: forces are intensifying their strikes on a capital city of Kiev.
Speaker 1: Ukrainian President vladimir's Lensky says his military will continue to
Speaker 1: defend their land we will not give up. We will
Speaker 1: not lose. We will fight till the end, at sea,
Speaker 1: in the air. We will continue fighting for our land
Speaker 1: whatever the cost. We will fight in the forests, in
Speaker 1: the fields, on the shores, in the streets. President Zelenski
Speaker 1: says he will stay in Kiev as long as it's
Speaker 1: necessary to win the war. Like here in the U. S. Karen,
Speaker 1: President Biden announced plans to curb Russian oil imports. This
Speaker 1: is a step that we're taking to inflict further pain Onputin,
Speaker 1: but there will be cost as well. Here in the
Speaker 1: United States. I said I would level with the American
Speaker 1: people from the beginning, and when I first spoke to this,
Speaker 1: I said, defending freedom is gonna cost. It's gonna cost
Speaker 1: us as well. After those words, and President Biden, House
Speaker 1: Democrats unveiled legislation to ban Russian oil imports. Of votes
Speaker 1: expected today and checking prices now, Nimex screwed is lower
Speaker 1: by three point two percent, down at a hundred nineteen
Speaker 1: dollars eighty seven cents. Of barrel Brent is down three
Speaker 1: percent at four dollars cents. Nathan Aalistic companies of spending
Speaker 1: operations are pulling out of Russia keeps growing, and we
Speaker 1: get the latest live from Bloomberg's Randa Young. Good morning, Ranita,
Speaker 1: Good morning Karen. Iconic brands like Starbucks, Coca Cola, and
Speaker 1: McDonald's are the latest to pull out of Russia. The
Speaker 1: coffee chain's partner in the country is pausing operations, and
Speaker 1: we'll give support to the nearly two thousand partners who
Speaker 1: depend on the company for their livelihood. PayPal is also
Speaker 1: suspending business in Russia, and PepsiCo says it'll stop soft
Speaker 1: drink sales in the country, but we'll continue to sell
Speaker 1: daily essentials like baby formula and milk lie in New York.
Speaker 1: I'm gonna need a young Bloomberg debriak. We need to
Speaker 1: thanks the Russian roubles weakening sharply. This morning. Before the
Speaker 1: war was trading around eighty per dollar. Right now it's
Speaker 1: weakened more than a hundred thirty five per dollar. Meantime,
Speaker 1: Bitcoin is surging. Nathan has jumped about forty two thousand
Speaker 1: thanks to optimism about the US overhaul of crypto oversight.
Speaker 1: Treasury Secretary Janet Yellen calls an upcoming executive order from
Speaker 1: the White House. Quote historic President Boden will sign an
Speaker 1: executive order later today which mandates government agencies take a
Speaker 1: closer look at issues from developing a potential digital US
Speaker 1: dollar to combating illicit finance. And this is Bloomberg, right, Karen,
Speaker 1: Thanks six thirty three on Wall Street. Little rain this morning,
Speaker 1: forty degrees in Central Park, and we have lingering problems
Speaker 1: on New Jersey trans at the Peter Vanal tell about shortly. First,
Speaker 1: Michael Bars here with more on what's going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning Nathan. New Jersey Governor Phil Murphy has proposed a
Speaker 1: forty eight point nine billion dollar budget boost k through
Speaker 1: twelve funding and redistry abutes nearly a billion dollars in
Speaker 1: property tax relief. We've been able to provide more relief
Speaker 1: and better opportunities for everybody else. We've been able to
Speaker 1: better support our public schools. We've been able to meet
Speaker 1: our full annual pension obligation. Governor Murphy also talked about
Speaker 1: the war in Ukraine. We will take whatever actions are
Speaker 1: needed to ensure New Jersey taxpayer dollars are not supporting
Speaker 1: Putin's on lawful invasion of Ukraine. Murphy says they are
Speaker 1: taking a look to see whether there are any Russian
Speaker 1: owned entities in their pension fund. Democrats and Republicans in
Speaker 1: Congress struck a deal on a long delayed one point
Speaker 1: five trillion dollars spending bill that would fund the US
Speaker 1: government through the rest of the fist school year. It
Speaker 1: provides thirteen point six billion dollars to respond to Russia's
Speaker 1: invasion of Ukraine. Florida's Parental Rights and Education Bill has
Speaker 1: passed in the state Senate, and Governor around the Santa
Speaker 1: says he will sign it. The bill has been dubbed
Speaker 1: that Don't Say Gay Bill by LGBTQ activists, which says
Speaker 1: lessons on quote sexual orientation or gender identity may not
Speaker 1: occur in kindergarten through third grade. The first person to
Speaker 1: go on trial over charge of stemming from the January
Speaker 1: six riot was found guilty of obstruction of Congress and
Speaker 1: other counts. Texas Militia Group member Guy Raffitt, was convicted
Speaker 1: of all five counts brought against him in Washington following
Speaker 1: a six day trial. Raffit's wife, Nicole, claims the trial
Speaker 1: was just a way to scare others who stormed the
Speaker 1: Capitol and to intimidate the other members that the one
Speaker 1: sixers all fight together. The jury deliberated for less than
Speaker 1: four hours. A prayer vigil was held last night in
Speaker 1: Missouri for a Japlin police officer who died after being
Speaker 1: shot to Other officers were hospitalized in the incident. The
Speaker 1: suspect is also dead. Adam Miller is the chief of
Speaker 1: the nearby Goodman Police Department. We're all family here, um,
Speaker 1: you know, and we go through tragedy events like this.
Speaker 1: We we're all morning, Chief Miller says. That started when
Speaker 1: officers trying to take a suspect involved in a disturbance
Speaker 1: in the custody and the chasing suit. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty d journalists and analysts in
Speaker 1: more than a hundred twenty countries. On Michael Barr, This
Speaker 1: is Bloomberg NA. Thanks Michael. Just about six thirty six
Speaker 1: on Wall Street and John Stashowers here at the Bloomberg
Speaker 1: Sports Update. Thanks to day. If today's a big day
Speaker 1: in the baseball lockout, either it ends and they'll play ball,
Speaker 1: or another week's worth of regular season games will be
Speaker 1: canceled and the owners will have to take off the
Speaker 1: table the concession they made yesterday that they'll play the
Speaker 1: games that they canceled a week ago. The two sides
Speaker 1: began a bargaining session at ten yesterday morning. It went
Speaker 1: until three this morning, and they'll be back from more
Speaker 1: talk today. Aaron Rodgers staying in Green Babe, but Russell
Speaker 1: Wilson on the move quite a day in the NFL offseason.
Speaker 1: Rogers said he was unhappy in Green Bay, not anymore.
Speaker 1: New four year, two hundred million dollar deal for the
Speaker 1: m v P the last two seasons. He's not only
Speaker 1: the NFL's highest paid player, he gets to keep his
Speaker 1: star wide out to Dante Adams, who got the franchise tag. Wilson,
Speaker 1: unhappy with the team's decline in Seattle, traded to Denver.
Speaker 1: The Seahawks get three players in a boatload of draft picks.
Speaker 1: Wilson QB the Seahawks for eleven years, took them to
Speaker 1: two Super Bowls one championship. Only two backcourt players in
Speaker 1: NBA history have scored fifty points while making seventy five
Speaker 1: percent of their shots, Michael Jordan's and Kyrie Irving. Last
Speaker 1: night in Charlotte against the team Jordan owns. Irving went
Speaker 1: for fifty shot fifteen of nineteen. The next week the
Speaker 1: Hornet's one two, one twenty one to get back to
Speaker 1: five hundred. Rangers lost in Minnesota five two. Devils beat
Speaker 1: Colorado five three. The Northeast Conference Final did not go
Speaker 1: well for Wagner. Fell behind at Bryant thirty six to six,
Speaker 1: lost seventy to forty three, and it was along delay
Speaker 1: late in the game a nasty fight broke out in
Speaker 1: the stands. Season is over from Manhattan. Lost at the
Speaker 1: Matt Turney, I own a place. Tonight Big East Tournament
Speaker 1: starts the Garden st John's plays the Paul John dash
Speaker 1: Award's Bloomberg Sports Nathan Okay, John, thank you, the sixty
Speaker 1: seven on Wall Street. Let's get more on this morning's
Speaker 1: market action with Bloomberg Television anchor markets reporter Danny Berger.
Speaker 1: Plenty of action this morning, Danny, this looks like a
Speaker 1: classic by the dead moment. Yeah, yeah, it does. Always action,
Speaker 1: but really the opposite action today that we have seen,
Speaker 1: and I say opposite, opposite to the degree where if
Speaker 1: you look at what's rallying the most in Europe today,
Speaker 1: it's the things that have been beaten down the most
Speaker 1: since Russia invaded Ukraine. So things like Otto's banks, those
Speaker 1: are all doing really well. So you get this picture
Speaker 1: where stocks as a whole arolling really strongly today. But
Speaker 1: because it is a rally in these really oversold names,
Speaker 1: there's this question that's whether there's anything fundamental behind today's
Speaker 1: rally or just investors trying to scoop up some sheep bargains.
Speaker 1: What are we seeing in terms of volume? Is there
Speaker 1: a lot of buying going on right now? There actually
Speaker 1: is a decent amount. Last I looked which w V
Speaker 1: I on the terminal is where I do that. It's
Speaker 1: it's about fifty percent higher than it has been over
Speaker 1: the past twenty days in terms of volume. So yeah,
Speaker 1: dip buying in some conviction behind it. Now you mentioned
Speaker 1: autos and banks some of the over sold names. Are
Speaker 1: we seeing this across sectors? This this rally going on
Speaker 1: right now, we are is saved for the sectors that
Speaker 1: have done well over the past thirteen days, so energy
Speaker 1: for example, UM materials, because we've seen oil rally. A
Speaker 1: lot of those energy names have done well over the
Speaker 1: past thirteen days since the war started. UM. But with
Speaker 1: oil falling today, still at very high levels. Some of
Speaker 1: those sectors aren't doing better. So again adds to this
Speaker 1: picture that what we're seeing today is the inverse of
Speaker 1: what we've seen over the last week. Yeah, you shouldn't
Speaker 1: be too big a surprise there with the declines in
Speaker 1: crude we're seeing this morning. What are you gonna be
Speaker 1: looking for as we head towards the US open, Well,
Speaker 1: it's sir, it is an expectation just looking at what
Speaker 1: US features are doing, that they will also have this
Speaker 1: dip buying mentality. But I continue to look in this
Speaker 1: market for any signs of anxiety, any economic anxiety. You
Speaker 1: have an ECB meeting tomorrow, um, and you know, we
Speaker 1: want to get a taste of how central banks are
Speaker 1: going to handle this. Inflation is so high because of
Speaker 1: all of these supply chain issues brought on again by
Speaker 1: Russia oil being banned. So inflation is really high. But
Speaker 1: can the economy sustain interest rate hikes if that's what
Speaker 1: the Fed does, And so you see areas of where
Speaker 1: that's that stresses playing out in markets. For example, the
Speaker 1: yield curve very very thin right now, many expectations that
Speaker 1: it will invert. So while everyone's buying the dip. I
Speaker 1: am internally skeptic on everything and looking for that all right, Yeah,
Speaker 1: the ECB meetings on of course that CPI print from
Speaker 1: the Labor department as well. We'll be watching those numbers
Speaker 1: very closely. Bloomberg Markets reporter and TV anchor Danny Burger
Speaker 1: with us this morning as we watch futures move higher.
Speaker 1: M S ANDP futures up sixty four points, Nasdaq futures
Speaker 1: up two hundred fifty six. This is Bloomberg Bloomberg eleven
Speaker 1: three oh weather, little rain, little wet snow, especially north
Speaker 1: and west of the city. HIGs in the upper thirties today,
Speaker 1: will be in the upper forties, partly sunny Tomorrow, clouds
Speaker 1: and sun windy Friday with a high near fifty right
Speaker 1: now forty and rain in Central Park. Markets. Headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business at and at Bloomberg Quick Tape. She's
Speaker 1: a Bloomberg Business Flash and I'm Karin Moscow. Futures on
Speaker 1: the rise this morning. We got the first word breaking
Speaker 1: news dash for today's morning call. And here's Bill Maloney.
Speaker 1: A good morning, Hey, good morning care and that's right.
Speaker 1: US features are surging right now, with the futures up
Speaker 1: seven four hundred seventeen points, subs game fifty six, nastic
Speaker 1: futures rise by two hundred and thirty five. The US
Speaker 1: ten yeld at one point eight nine percent, Gold and
Speaker 1: oil are both sinking, and bitcoin is climbing by nine percent.
Speaker 1: European markets are also in the green, led by four
Speaker 1: percent games in France, Germany and Italy, and back in
Speaker 1: the US on the economic front and ten o'clock jolts
Speaker 1: job openings. In other news, the US is probing Barry
Speaker 1: Diller's bets on Activision before the Microsoft deal, and in
Speaker 1: the commodity space, Indonesia to boost nickel output by up
Speaker 1: to four hundred thousand tons. In two grabbing things up,
Speaker 1: jad Hunt was raised to buy over at Bowman sax
Speaker 1: Emerson Electric was raised to outperform over at Oppenheimer. Live
Speaker 1: from the first Rebecca News dost coom Bill Maloney, care
Speaker 1: all right, Phil, thank you to here live breaking news
Speaker 1: of your Bloomberg type squawk on your terminal. Sc you
Speaker 1: a w K. That's a Bloomberg business flash. Now here's
Speaker 1: Michael Barrow with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Vice President Harris is
Speaker 1: heading to Poland this morning. The trip comes amid a
Speaker 1: disagreement between Poland and the US over Ukraine getting Poland's
Speaker 1: fighter jets. Meanwhile, there's a new effort to evacuate civilians
Speaker 1: out of Ukraine. More than two million civilians have left
Speaker 1: the country. Negotiators for locked out players in Major League
Speaker 1: Baseball bargain into the early morning hours to preserve a
Speaker 1: one hundred sixty two games season. They'll resume later today.
Speaker 1: In the NBA, the Nets and Boarriors one. In the NHL,
Speaker 1: the Devils and Capitals one. The Rangers lost. So NFL news,
Speaker 1: the Broncos have agreed to its trade for quarterback Russell
Speaker 1: Wilson from the Seahawks. QB Aaron Rodgers will stay with
Speaker 1: the Packers in a four year deal reported to be
Speaker 1: worth two hundred million dollars. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Tank, powered
Speaker 1: by more than twenty seven hundred journalist and analysts in
Speaker 1: more than a hundred twenty countries. I'm Michael Barr. This
Speaker 1: is Bloomberg. The following commentary is from Bloomberg Opinion. Why
Speaker 1: revived the commute when mass is so pricey? I'm brook Sutherland,
Speaker 1: a columnist for Bloomberg Opinion. Russia's invasion of Ukraine is
Speaker 1: fueling sticker shock at the pump for Americans and sharpening
Speaker 1: already uneasy feelings about inflation. Why then, are we in
Speaker 1: such a hurry to end pandemic era work from home
Speaker 1: policies and force employees to commute to offices Again, there
Speaker 1: is a cost in keeping wide spats of the working
Speaker 1: population out of city skyscrapers, But there's also a cost
Speaker 1: to resuming the pre pandemic daily grind, one that's become
Speaker 1: only more acute as Russia's hostilities and increasingly aggressive sanctions
Speaker 1: in response send shockwaves through energy markets. The average national
Speaker 1: cost of gas hit four seventeen a gallon on Monday,
Speaker 1: a record before adjusting for inflation. According to Triple A,
Speaker 1: both the European Union in the US are racing to
Speaker 1: rejigger their energy strategies as Western leaders contemplate ways to
Speaker 1: increase the economic penalties for Russia. But these policies would
Speaker 1: be more effective and ultimately less painful at home if
Speaker 1: governments consider the demand side of the equation as well.
Speaker 1: It helps that working from home is incredibly popular as
Speaker 1: far as patriotic sacrifices go. Avoiding the office can isn't easy,
Speaker 1: So I'm brook Sutherland. For more opinion, please go to
Speaker 1: Bloomberg dot com, slash Opinion or O P I N
Speaker 1: go on the Bloomberg terminal. This has been Bloomberg Opinion
Speaker 1: and Bloomberg Opinion commentaries can be heard every weekday at
Speaker 1: this time, and terminal customers can read more at O
Speaker 1: P I n go. It is currently six fifty on
Speaker 1: Wall Street. Returned to news and science and technology now
Speaker 1: with the Bloomberg and j I T STEM Report. It
Speaker 1: has brought to you by New Jersey Institute of Technology
Speaker 1: and j I T makes Infrastructure ready graduates from civil
Speaker 1: engineers to transportations specialists. If it's infrastructure and j I
Speaker 1: T grads are building it. More at n j I
Speaker 1: T dot e DU Now here's just making news and science, technology,
Speaker 1: engineering and math. A study estimates over one d seventy
Speaker 1: million people born in the US who were adults in
Speaker 1: ten were exposed to harmful levels of lead as children,
Speaker 1: and a paper published in the Proceedings of the National
Speaker 1: Academy of Sciences researchers estimated that half of the US
Speaker 1: adult population and have exposed to lead levels surpassing five
Speaker 1: micrograms per deci leader the Centers of Disease Control and
Speaker 1: Prevention threshold for harmful lead exposure. At the time. Scientists
Speaker 1: have found the oldest known ancestor of octopuses and approximately
Speaker 1: three hundred thirty million year old fossil unearthed in Montana.
Speaker 1: The researchers concluded the ancient creature lived millions of years
Speaker 1: earlier than previously believed, meaning that octopuses originated before the
Speaker 1: era of dinosaurs. The four point seven inch fossil has
Speaker 1: ten limbs. Modern octopuses have eight, each with two rows
Speaker 1: of suckers. And Apple has introduced five G versions of
Speaker 1: its low end iPhone and iPad air tablet, as well
Speaker 1: as a redesigned Mac desktop computer and faster processor. Apple
Speaker 1: unveiled the devices during a virtual event yesterday. CEO Tim
Speaker 1: Cook also announced plans to bring Major League Baseball games
Speaker 1: to the company streaming service and as a Bloomberg and
Speaker 1: j I T Stem report. Nathan, all right, Karen, thank you.
Speaker 1: We are live from the Bloomberg Interactive Broker studios where
Speaker 1: it's six fifty two on Wall Street Time Now to
Speaker 1: check what's going on d C. Some of the tough
Speaker 1: stories in our nation's capital include House Democrats unveiling a
Speaker 1: measure to bann Russian oil imports, Congress reaching a deal
Speaker 1: on government spending in Ukraine. AID and Vice President Kamala
Speaker 1: Harris headed to Poland and Romania to discuss next steps
Speaker 1: on Ukraine Bloomber Government. Reporter Emily Wilkins joins US Now
Speaker 1: from the nation's capital. Emily, good morning. Of course, we
Speaker 1: heard President Biden announced the ban on Russian oil and
Speaker 1: Congress is acting next. Yes, so Congress is expected to
Speaker 1: vote today on a ban for Russian oil that would
Speaker 1: include a couple of other sanctions measures against Russia as well. UH,
Speaker 1: it would start reviewing Russia's access to the World Trade Organization,
Speaker 1: and then it calls for strengthens a act that calls
Speaker 1: for stanctions on human rights offenders. So those two additional
Speaker 1: measures would also be in the legislation. One thing that
Speaker 1: won't be there and kind of held up the bill
Speaker 1: a little bit yesterday, was it doesn't include a provision
Speaker 1: provoking permanent normal trade relations at US for Russia. Now,
Speaker 1: this was something that was bipartisan. UH. Lawmakers on both
Speaker 1: sides wanted it, but the White House actually stepped in
Speaker 1: and said, Hey, we'd like to discuss this a little
Speaker 1: bit more with our European allies. Can we hold off
Speaker 1: on this bit for now? And so Congress is going
Speaker 1: forward with the legislation that's going to be voted on today,
Speaker 1: along with a one point five trillion dollars spending bill
Speaker 1: to fund the government. It's going to be a busy
Speaker 1: day up on Capitol Hill. Yeah, you're interesting. You mentioned
Speaker 1: the deal finally cut on government spending for the rest
Speaker 1: of this year. It also inclodes even more Ukraine aid
Speaker 1: than President Biden asked for, Yes, thirteen point six billion.
Speaker 1: We've seen that number just continually go up. I think
Speaker 1: that really speaks to the amount of support that you're
Speaker 1: seeing for Ukraine from Congress. I've seen lawmakers from both
Speaker 1: parties UH sporting neither sunflowers or blue and white pins
Speaker 1: or ribbons showing their support for Ukraine. But this is
Speaker 1: the funding bill that lawmakers have been pushing for for
Speaker 1: a while. SILE at this point, um it'll avert a
Speaker 1: government shutdown. Although there could be the need for a
Speaker 1: short term UH stopgap funding measure. But putting this out
Speaker 1: today UH means that lawmakers are going probably going to
Speaker 1: avert that government shutdown and then fully fund the government. UH.
Speaker 1: This is important because right now the government is funded
Speaker 1: on spending levels set during the Trump administration. So Biden
Speaker 1: and the Biden administration and the Democrats have wanted to
Speaker 1: get these new funding levels out for a while now.
Speaker 1: And on top of all the activity going on on
Speaker 1: Capitol Hill, of course, we have Vice President Kamala Harris
Speaker 1: heading to Poland today to continue the diplomatic efforts surrounding
Speaker 1: the war in Ukraine. And this comes at a really
Speaker 1: interesting time with this dispute going on over Polish fighter
Speaker 1: jets and whether they can go into Ukraine. Yeah, we've
Speaker 1: seen these debates about you know, Poland suggesting that they
Speaker 1: could send these dutchs to the US, the US saying,
Speaker 1: you know, they need to go to Ukraine. The big
Speaker 1: concern here, Nathan, of course, is that with these jets,
Speaker 1: is this going to escalate the situation? Will Russian see
Speaker 1: this as an escalation and will they respond um in
Speaker 1: a way that could wind up bringing the war to
Speaker 1: a wider europe and so that's the delicate situation that
Speaker 1: Vice President Harris is going to have to deal with
Speaker 1: here as she goes abroad. Uh. We know that she's
Speaker 1: going to be meeting with the Polish president at the
Speaker 1: Canadian Prime Minister, and that she's also going to have
Speaker 1: a meeting with the Romanian president as well. And just
Speaker 1: quickly our last thirty seconds here, what's this say about
Speaker 1: Vice President Harris's just widening portfolio here? She has so
Speaker 1: much on her play to now going into direct diplomatic
Speaker 1: negotiations around the Ukraine War. I think a lot of
Speaker 1: this just talks about how much the Biden administration needs
Speaker 1: to be focused right now on Ukraine. Certainly you have
Speaker 1: President Biden's own schedule UM that you know it is
Speaker 1: dealing with a lot right now with both Ukraine as
Speaker 1: well as of course talking to the American people, UM
Speaker 1: and other news. In the cabinet, you're seeing Energy Secretary
Speaker 1: Jennifer Granholm, She's going to be actually having some meetings
Speaker 1: with oilmakers executives from Shell and Exxon over potentially upping
Speaker 1: the US production of gas and oil, which is of
Speaker 1: course something that lawmakers UH and politicians are looking at
Speaker 1: doing as they moved to band Russian oil from the
Speaker 1: from the US lots to keep on top of Bloomberg.
Speaker 1: Government reporter Emily Wilkins. Thank you as always, Karen Nathan.
Speaker 1: It is SAX fifty six on Wall Street. This is
Speaker 1: Bloomberg Daybreak and Marches Women's History Month, and every day
Speaker 1: this month were celebrating significant moments in women's history. Now
Speaker 1: with your installment for March nine, here's Bloomberg's reed to
Speaker 1: Young on this day in Women's History. In nineteen fifty nine,
Speaker 1: Ruth Handler, a co founder of Mattel, introduces Barbie to
Speaker 1: the world. She brought it to crowd that the American
Speaker 1: International Toy Fair in New York. The inspiration for the
Speaker 1: doll began and Handler was traveling in Europe and her
Speaker 1: fifteen year old daughter, Barbara spotted a German lily doll.
Speaker 1: But as the years went on, Barbie would be mocked
Speaker 1: as outdated and sexist, and criticized for promoting a largely white,
Speaker 1: gendered image of beauty with an unrealistic body image. But
Speaker 1: in night Mattel started to become more inclusive when it
Speaker 1: introduced the first black Barbie, and today Barbie's dolls come
Speaker 1: in more than twenty skin tones, close to a hundred
Speaker 1: hair colors, a dozen eye colors, and five body types.
Speaker 1: Those changes served Barbie well because in Barbie generated its
Speaker 1: best sales growth in two decades. Ranita Young, Bloomberg Radio,
Speaker 1: All right, Ranida, thank you, Bloomberg surveillances straight ahead for
Speaker 1: Nathan Hager. I'm Karen Moscow and this is Bloomberg